Business Growth Loan Scheme TAS


This scheme provides businesses with concessional loans to help them develop and transition to sustainable post-COVID-19 operating models.

Open
Close date: 14 Sep 2022.
Application detail:

The scheme will be open until 14 September 2022, or until funding is exhausted, whichever occurs first.

What do you get?

Loans from $20,000 to $3 million.

Who is this for?

Tasmanian businesses.

Overview

Concessional loan funding is available to support:

  • businesses to recover, adapt, grow and develop enhanced business models that support employment retention and business growth
  • new projects that contribute towards employment and growth of the Tasmanian economy

What are the eligibility criteria?

To be eligible, the business must:

  • hold an active Australian business number (ABN) and be registered for goods and services tax (GST)
  • be located in Tasmania and support Tasmanian employment
  • generally, have a turnover of less than $10 million across the last 2 financial years, or in the caseĀ of a new project, have a projected average turnover of less than $10 million in the first 2 years of operation
  • demonstrate a history of profitability pre-COVID-19 and/or have a sustainable pathway to recovery, or for new businesses or projects, be able to demonstrate sound prospects for the new venture
  • confirm that statutory payments (e.g GST, PAYG-witholding, PAYG-instalments, payroll tax etc) were up to date pre-COVID-19

How do you apply?

Find out more about eligibility and how to apply at Business Growth Loan Scheme.

Concessional loans for Tasmanian businesses to help them recover and adapt to COVID-19